The Investment Coordination Committee-Cabinet Committee of the National Economic and Development Authority Board said it approved the unsolicited public-private partnership project of the Ninoy Aquino International Airport to increase its capacity and improve passenger experience in the country’s main gateway.
NAIA Consortium, which is composed of Ayala Corp., Aboitiz Equity Ventures, Alliance Global Group, Inc., Asia Emerging Dragon, Filinvest Development, JG Summit and Metro Pacific Investments Corp., submitted a P102-billion unsolicited bid to rehabilitate the main gateway in line with the Clark International Airport operations and maintenance (O&M) contract.
The NAIA rehabilitation is one of the several projects approved by the NEDA committee which also included six new undertakings and the extension of financing of other projects. The approval to the NAIA project was given on Sept. 27, 2019.
NEDA said the ICC-CabCom also approved the Pasacao-Balatan Coastal Tourism Highway which would be implemented by the Department of Public Works and Highways.
The project involves the construction of a 40.69-kilometer four-lane coastal tourism highway along the west coast of Camarines Sur that will provide access to various tourism sites and a direct link between the municipalities of Pasacao and Balatan.
The P14.97-billion project will be funded through DPWH’s budget allocation under the General Appropriations Act. Julito G. Rada
It also approved the Proposed Aqueduct No. 7 (AQ-7) under the Expanded Angat Water Transmission Improvement Project of the Metropolitan Waterworks and Sewerage System with an extension of implementation period until July 2023.
AQ-7 has a total project cost of P7.42 billion. It will involve the detailed engineering design and construction of a steel aqueduct to provide operational flexibility to the raw water transmission from Ipo Dam to La Mesa Dam.